Dana Gas PJSC (ADX:DANA) Cash And Cash Equivalents : د.إ430 Mil (As of Mar. 2024)

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What is Dana Gas PJSC Cash And Cash Equivalents?

Dana Gas PJSC's quarterly cash and cash equivalents increased from Sep. 2023 (د.إ356.27 Mil) to Dec. 2023 (د.إ400.35 Mil) and increased from Dec. 2023 (د.إ400.35 Mil) to Mar. 2024 (د.إ429.73 Mil).

Dana Gas PJSC's annual cash and cash equivalents declined from Dec. 2021 (د.إ679.49 Mil) to Dec. 2022 (د.إ492.17 Mil) and declined from Dec. 2022 (د.إ492.17 Mil) to Dec. 2023 (د.إ400.35 Mil).

Dana Gas PJSC Cash And Cash Equivalents Historical Data

The historical data trend for Dana Gas PJSC's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Dana Gas PJSC Cash And Cash Equivalents Chart

Dana Gas PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,560.98

396.67

679.49

492.17

400.35

Dana Gas PJSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															543.59	308.52	356.27	400.35	429.73

Dana Gas PJSC Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Dana Gas PJSC (ADX:DANA) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Dana Gas PJSC Cash And Cash Equivalents Related Terms

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Dana Gas PJSC (ADX:DANA) Business Description

Industry

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Address

Al Buhaira Corniche, P.O. Box 2011, Crescent Tower, 11th Floor, Sharjah, ARE

Website

https://www.danagas.com

Dana Gas PJSC is a Middle Eastern natural gas exploration and production company. It operates several assets in Egypt, the Kurdistan Region of Iraq, and the United Arab Emirates. The company's possession of assets includes both onshore and offshore assets. Assets are held through government concessions. Dana Gas operations are divided into several subsidiaries that either engage in exploration and production, gas sweetening, gas transmission, or gas processing. Traditionally, gas and condensate have contributed the largest portion of revenue.

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